RPT-BUZZ-PREVIEW: 3M seen posting 31% year-on-year EPS plunge

Repeats from Friday with no changes to text

Shares of 3M MMM.N up 1.2% on Fri amid a broader rally ahead of qtrly report due before market open on Tues; stock market closed Monday in observance of Martin Luther King Day

Industrial conglomerate is expected to report adj EPS of $1.66, a 31.1% yr/yr decline, on rev of $5.78 bln vs $7.69 bln in year-ago qtr, a 24.9% drop, according to LSEG data

Co has beaten or met EPS estimates for all but one of eight most recent qtrs - last miss was Q4 2022, per LSEG

On Oct 22, MMM hiked its full-year profit forecast after solid demand for its roofing material, industrial adhesives and electronics equipment helped the co beat qtrly profit estimates

Of 19 analysts covering 3M, 11 rate stock "buy" or stronger, 6 recommend "hold," and 2 say "sell"; median PT of $146 versus current price of $140.88 - LSEG

So far in 2025, MMM has advanced ~9% vs the Dow's .DJI ~2.5% gain and S&P 500 Industrials .SPLRCI near 5% rise over the same time period

(Reporting by Stephen Culp)

((stephen.culp@thomsonreuters.com; 646-223-6076;))